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What Is A Development Appraisal?

17th April 2018

What Is A Development Appraisal?

The definition of a development appraisal is an objective visibility test of the ability of a development project to meet its cost including the cost of planning obligations. This also ensures that an appropriate site value for the landowner and a market risk return to the developer of the property in delivering the project. We know that development appraisals can be not only confusing but stressful too. That's why here at Rory Mack we make sure that you understand what is going on every step of the way. We have years of experience in this service so you know you're guaranteed a quality service with us here!

Make sure you get a development appraisal put in place before it's too late. Having a development appraisal is the difference between seeing potential value in developing a property and improving its value and missing out on a big opportunity to improve the value of a commercial property.

When Is A Development Appraisal Useful?

- To establish the level of affordable housing
- To access the level and nature of the planning obligation contributions
- Reviewing the land's use and seeing if the land is being used in the correct way

We have a team of Chartered Surveyors and RICS Registered Valuers experienced in the preparation of development appraisals for residential and commercial development schemes. Here at Rory Mack we provide our clients with development appraisals across Stoke on Trent, Staffordshire, Cheshire & Shropshire. So be sure to get in touch for more information! Give us a call on 01782 715725.

As always if you are looking to buy or sell a commercial property in the Staffordshire, Cheshire or Shropshire area then be sure to get in touch with us here to see how we can help you to get going on your next business venture. Be sure to like our Facebook page to get in keep up with all the latest goings on at our office!